Citibank Mortgage Complaint

Conventional adjustable mortgage (ARM) Settlement process and costs

Citibank Mortgage department,

Conventional adjustable mortgage (ARM) Settlement process and costs Pennsylvania

To follow is a pasted a copy of the letter that I sent to Citibank. CitiMortage Customer Research Team- -, MD -Dear Madam/Sir, Our CitiMortgage payoff statement quoted per diem interest of $84.00 per day. CitiMortgage charged at the per diem rate of $ -CitiMortgage charged us interest at this rate through -/-/2015. The mortgage was paid in full electronically on -/-/2015. The total CitiMortgage per diem interest charge was $ -The correct charge is $2300.00. Please promptly refund the remaining $200.00 due and mail it to our new address listed above. I doubt that this is the first time Citi has issued an incorrect payoff that yields them an extra $200.00 that they have not earned. I worry that there may be thousands of citizens who have been taken advantage of in this way. Most consumers do not realize that banking in our current post - means that every number and every fee must be checked. Please look into this and let me know how I can help.

Citibank customer in Pennsylvania
Oct 01, 2015

* Source: CFPB Complaint Database

Citibank response to complaint:
Closed with explanation

Created with Highcharts 4.2.3CitibankComplaint HistoryComplaints1/20123/20125/20127/20129/201211/20121/20133/20135/20137/20139/201311/20131/20143/20145/20147/20149/201411/20141/20153/20155/20157/20159/201511/20152/20165/20168/201611/20162/201702.557.51012.5Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3CitibankSettlement process and costs1.1%74.3%9.1%6.4%2.6%5.3%1.1%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefIn progressSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageSettlement process and costs0.4%6.3%5.3%1.1%2.8%6.4%76.1%1.5%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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http://online.citibank.com/
800-870-1073
701 E 60th St N
Sioux Falls ND 57104
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